TSMC announced its Q3 earnings on October 15, with quarterly revenue reaching $46.6 billion, a 16% increase quarter-over-quarter, exceeding market expectations. The company's Q4 revenue guidance midpoint is $53.3 billion, and its full-year growth guidance has been raised to 44%. Management confirmed that capital expenditure for 2026 will remain unchanged in the range of $60 billion to $64 billion, and explicitly stated that the total capital expenditure for the three years from 2026 to 2028 will significantly surpass the historical total of approximately $101 billion from 2023 to 2025. JPMorgan Chase analysis suggests this provides semiconductor equipment manufacturers with long-term order visibility beyond a single fiscal year.